Common use of Effect of Early Termination Clause in Contracts

Effect of Early Termination. Termination of this tenancy agreement under Clause 1 shall bring to an end the Tenancy Period but does not release the Tenant from any of the outstanding obligations and conditions under this tenancy agreement. In the event that the Tenant wishes to vacate the property prior to the end of the tenancy or if the Tenant has not yet occupied the property and no longer wishes to do so, the Tenant should notify the Landlord, in writing, confirming the date when the property will be vacant. In order to cover all loss incurred by the Landlord, the Tenant will be liable for the following: (a) The cost of one weeks’ rent if they end their fixed term tenancy early or leave without giving notice on or before 24th April 2023 when the payment of the tenancy deposit is due; (b) £400 if they end their fixed term tenancy early or leave without giving notice from the 24th April 2023 when the tenancy deposit is due. The Landlord will, upon receipt of the above notice seek to re-let the property at the same weekly rent for the remainder of the contract period. If a new Tenant is found, and a new (replacement) tenancy agreement signed, the Tenant contracted under this tenancy will remain liable for the rent up to the date of the commencement of the replacement tenancy together with the amounts shown in paragraphs (a) and (b) above. The Landlord may let the Accommodation to a replacement Tenant, but if the Landlord is not able to achieve as high a rent, or as long a tenancy, as the Tenant shown in the original Tenancy Agreement, the Tenant shall remain liable for the shortfall.

Effect of Early Termination. Termination of this tenancy agreement under Clause 1 shall bring to an end the Tenancy Period but does not release the Tenant from any of the outstanding obligations and conditions under this tenancy agreement. In the event that the Tenant wishes to vacate the property prior to the end of the tenancy or if the Tenant has not yet occupied the property and no longer wishes to do so, the Tenant should notify the Landlord, in writing, confirming the date when the property will be vacant. In order to cover all loss incurred by the Landlord, the Tenant will be liable for the following: (a) The cost of one weeks’ rent if they end their fixed term tenancy early or leave without giving notice on or before 24th April 2023 2022 when the payment of the tenancy deposit is due; (b) £400 300 if they end their fixed term tenancy early or leave without giving notice from the 24th April 2023 2022 when the tenancy deposit is due. The Landlord will, upon receipt of the above notice seek to re-let the property at the same weekly rent for the remainder of the contract period. If a new Tenant is found, and a new (replacement) tenancy agreement signed, the Tenant contracted under this tenancy will remain liable for the rent up to the date of the commencement of the replacement tenancy together with the amounts shown in paragraphs (a) and (b) above. The Landlord may let the Accommodation to a replacement Tenant, but if the Landlord is not able to achieve as high a rent, or as long a tenancy, as the Tenant shown in the original Tenancy Agreement, the Tenant shall remain liable for the shortfall.